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Brazil

B3 · EWZ · Ibovespa

Latin America's deepest, most liquid equity market. Nearly $800B in market cap anchored by global leaders in energy, mining, fintech, and consumer staples — with dividend yields that reward patient capital.

12.9× Index P/E
+15.3% YTD 2026
~5% Avg Yield
Commodity Powerhouse

Petrobras and Vale anchor a resource-rich market with global reach

Fintech Revolution

Nubank and StoneCo are redefining financial access for 200M+ Brazilians

Dividend Culture

Index-level yields of ~5% with individual names reaching 7–10%

12 stocks & ETFs for US investors

EWZ
Broad ETF

iShares MSCI Brazil ETF

The default one-click allocation to Brazil. Top holdings include Petrobras, Vale, and Itaú. Deep liquidity, options available, and semi-annual distributions make it the institutional standard.

$36.77
Price
10.5
P/E
~4.3%
Yield
~$9.5B AUM
Mkt Cap
FLBR
Broad ETF

Franklin FTSE Brazil ETF

Same exposure as EWZ at one-third the cost — 0.19% expense ratio vs 0.59%. A smarter long-term hold for buy-and-hold investors who don't need options liquidity.

~$24
Price
~10
P/E
~4–6%
Yield
~$400M AUM
Mkt Cap
PBR
Energy

Petrobras

The world's leading deepwater oil producer. $42.5B in EBITDA, a recently announced crude discovery in the Campos basin, and a 5.7% dividend yield backed by world-class pre-salt reserves.

$21.21
Price
6.7
P/E
5.7%
Yield
~$134B
Mkt Cap
VALE
Mining

Vale S.A.

The world's largest iron ore producer and a major nickel supplier for EV batteries. Normalized earnings put the P/E at 5–7× with a ~6% yield. Infrastructure investments in Northern Brazil are unlocking new capacity.

~$15.90
Price
~5–7*
P/E
~6.1%
Yield
~$64–71B
Mkt Cap
ITUB
Banking

Itaú Unibanco

Latin America's premier private-sector bank, consistently delivering industry-leading returns on equity. Including year-end distributions, yields can approach double digits. A cornerstone holding.

~$9.33
Price
~9
P/E
~7–10%
Yield
~$60–70B
Mkt Cap
NU
Fintech

Nu Holdings (Nubank)

The world's largest digital bank by customer count (~127M). 30% return on equity, US banking approval secured January 2026, and Morgan Stanley projecting a potential $100B valuation by year-end.

$13.51
Price
22.9
P/E
0%
Yield
~$66B
Mkt Cap
BBD
Banking

Banco Bradesco

Brazil's second-largest private bank with 70M+ customers. Currently in a turnaround cycle with improving credit quality and rising net interest margins. A value play on Brazil's banking recovery.

~$4.10
Price
9.6
P/E
4.2%
Yield
~$41B
Mkt Cap
ABEV
Beverages

Ambev S.A.

Latin America's dominant brewer (Skol, Brahma, Antarctica) and part of the AB InBev family. Consistent cash generation, a 6.6% yield, and defensive positioning make it a portfolio stabilizer.

~$2.87
Price
16.0
P/E
~6.6%
Yield
~$36–45B
Mkt Cap
EMBJ
Aerospace

Embraer S.A.

The world's third-largest aircraft manufacturer. A $31.6B order backlog, a landmark Finnair order for up to 46 jets, and growing defense revenues. Note: formerly traded as ERJ — ticker changed to EMBJ.

$57.55
Price
~22
P/E
0.35%
Yield
~$10B
Mkt Cap
STNE
Fintech / Payments

StoneCo Ltd.

Brazil's leading independent payments processor serving SMBs. Trading at just ~9× earnings with strong merchant acquisition growth and improving take rates. A leveraged bet on Brazil's digital economy.

~$13.98
Price
~9
P/E
0%
Yield
~$3.8B
Mkt Cap
SUZ
Paper & Pulp

Suzano S.A.

The world's largest eucalyptus pulp producer. Low-cost advantage from sustainable plantations, expanding into tissue and packaging. A play on global demand for sustainable fiber products.

~$10.12
Price
~5–10
P/E
~2.1%
Yield
~$12B
Mkt Cap
GGB
Steel

Gerdau S.A.

Latin America's largest steelmaker with significant US operations. Trading at under 3× trailing earnings with infrastructure tailwinds from both Brazilian construction and US reshoring trends.

~$4.20
Price
~2.8
P/E
~3–5%
Yield
~$8B
Mkt Cap

All prices reflect March–April 2026 data and may have moved materially. Treat these as directional reference points, not executable quotes. P/E ratios use trailing twelve months unless noted. Dividend yields are trailing and may include special distributions. “N/A” indicates data was not available from US financial data platforms at time of publication. Always verify current pricing and metrics through your brokerage before making investment decisions.